New Issue: Taiwan’s Hon Hai Precision sells NT$12 billion bonds in five parts

By Marisa Wong

Los Angeles, May 13 – Hon Hai Precision Industry Co., Ltd. priced NT$12 billion of corporate bonds in five tranches, according to a filing with the London Stock Exchange.

The company priced NT$1.3 billion of 0.48% three-year bonds, NT$2.1 billion of 0.54% five-year bonds, NT$5.7 billion of 0.63% seven-year bonds, NT$2.2 billion of 0.73% 10-year bonds and NT$700 million of 0.95% 15-year bonds.

All five series of bonds priced at par.

Hon Hai Precision Industry is a Tu-cheng, Taiwan-based manufacturer of computer connectors, cable assemblies and enclosures.

Issuer:	Hon Hai Precision Industry Co., Ltd.
Issue:	Corporate bonds
Amount:	NT$12 billion
Settlement date:	May 14
Series A bonds
Amount:	NT$1.3 billion
Maturity:	May 14, 2024
Coupon:	0.48%
Price:	Par
Yield:	0.48%
Series B bonds
Amount:	NT$2.1 billion
Maturity:	May 14, 2026
Coupon:	0.54%
Price:	Par
Yield:	0.54%
Series C bonds
Amount:	NT$5.7 billion
Maturity:	May 14, 2028
Coupon:	0.63%
Price:	Par
Yield:	0.63%
Series D bonds
Amount:	NT$2.2 billion
Maturity:	May 14, 2031
Coupon:	0.73%
Price:	Par
Yield:	0.73%
Series E bonds
Amount:	NT$700 million
Maturity:	May 14, 2036
Coupon:	0.95%
Price:	Par
Yield:	0.95%

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